February 20, 2013

The Daily Bankruptcy News

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Law:

Former Dewey partner sues Barclays over capital loan
(DBN)

Orrick, Cooley, Jones Day, Linklaters: Business of Law
(DBN)

Gradenfreude: Four Hundred Ninety-Nine Job Applications Later, and I’m Still Working in Retail
(DBN)

Akin Gump Shows Modest Revenue Gain, Sharp Partner Profit Drop in 2012
(DBN)

As ‘super firm’ profits soar, others boost revenue by shrinking partner ranks
(DBN)

Giving Credit and Taking Blame
(DBN)

Milbank Represents Ad Hoc Committee of American Airlines Creditors
(DBN)

Aquila: M&A Looking Up in 2013; “The Negatives Are Built In”
(DBN)

Cooley recruits co-chair of Sheppard Mullin corporate group for growing LA office
(DBN)

Gruber Hurst Adds Bankruptcy Partner
(DBN)

Foley & Mansfield hires veteran bankruptcy lawyer as of counsel
(DBN)

State High Court Asked To Review NYLS Fraud Case
(DBN)

Deeply Troubling Stats About Women
(DBN)

Stay-at-home moms return to law practice with help of training program, internships
(DBN)

Court of Appeals upholds lawyer's suspension in $4 mln case
(DBN)

5 Strategies for a More Cost-Effective Legal Department
(DBN)

Lawyer-Focused Billing App Debuts on iTunes
(DBN)

Oscar Pistorius Tells His Story About What Happened The Night He Shot And Killed His Girlfriend --- Pistorius Prosecutors Say Runner Intentionally Aimed At Toilet And That Witnesses Heard Fighting And Screams
(DBN)

Wesleyan Students Kicked Out Of Science Museum After Alleged S--, Drugs, And Dinosaur Climbing
(DBN)

National Jurist to correct law school rankings that left U of Chicago out of the top 50
(DBN)

Federal jury awards $50.9M to crime writer Patricia Cornwell
(DBN)

Search ordered on juror’s computer drive to see if she violated Web research ban
(DBN)

Lawyer sued over lawsuit statements is entitled to qualified privilege, court says
(DBN)

Papa Don’t Preach, She’s Keeping the Baby
(DBN)

Laying Hands On The Faithful: Alleged Serial Rapist Used ChristianMingle To Arrange Dates
(DBN)

Client suit says attorney radio host took $2.3 million and charged $20K more in legal fees
(DBN)

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Judges:

American Bar Association National Conference of Bankruptcy Judges Report to the House of Delegates
(DBN)

Supreme Court returns to blazing docket --- After long recess, court adds major campaign-finance case, issues four opinions
(DBN)

Courts Trying to Slice Smaller Pie
(DBN)

Breyer sometimes poses questions for Thomas during oral arguments
(DBN)

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Wall Street:

Stock index futures signal more gains
(DBN)

Stocks : Close to record highs
(DBN)

Talk Like A Wall Street Banker
(DBN)

Two Ex-Goldman Traders Explain How To Tell Your Wife About Your Bad Bonus
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

Obama warns sequester will cause job losses
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Pontiac emergency manager: EM is preferable to bankruptcy for Detroit
(DBN)

State review team to call for Detroit emergency manager
(DBN)

Detroit's emergency cure
(DBN)

Panel finds Detroit in dire shape; up to governor to act
(DBN)

A managed bankruptcy is the city's best option --- Detroit emergency manager needed but not bankruptcy
(DBN)

Former NBA player Bing misses shot at fixing Detroit
(DBN)

A brief history of Detroit's fiscal problems
(DBN)

Stockton: City says creditor claims 'flawed'
(DBN)

Harrisburg Dodging Crisis Seen Brewing Investor Loss
(DBN)

Catching up with JeffCo's Tony Petelos
(DBN)

With All Deliberate Speed, Mississippi Officially Ratifies The Thirteenth Amendment
(DBN)

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Steel:

Powell Steel files for bankruptcy
(DBN)

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Food/Beverage:

Hostess Seeks Fourth Extension of Sole Right to File Plan
(DBN)

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Apparel:

Perry Ellis shares tumble on weak guidance
(DBN)

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Accounting:

FASB Issues Financial Instruments Proposal Revisions of Keen Interest to Banks, Insurers
(DBN)

Express Scripts accuses Ernst & Young of stealing trade secrets
(DBN)

Deloitte sued over ChinaCast Education audits
(DBN)

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Economy:

Obama presses Congress for stopgap sequester fix --- Looming budget freefall is one neither party can afford --- The Sequester Is Not an Abstraction --- Deficit hawks Simpson and Bowles: Skirt the sequester --- Details Of The New Simpson-Bowles Deficit Reduction Plan --- Words Turn Harsh as Budget Cuts Loom
(DBN)

Deutsche Bank: The Fed Will Probably Start Winding Down QE By June
(DBN)

If Walmart Shoppers Are Broke, Then We're All In Trouble
(DBN)

The 40 Most Unusual Economic Indicators
(DBN)

High Oil Prices Have A Brutal Effect On US Workers
(DBN)

Americans Haven't Spent This Much Of Their Paycheck On Gas In 30 Years
(DBN)

Gas prices are on a mysterious climb
(DBN)

Business Loans Flood the Market
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Builder confidence ticks down in February, survey says
(DBN)

Lease Rejection Damages: How To Avoid The Cap (Maybe)
(DBN)

ResCap Creditors Press Ally for Larger Pact
(DBN)

Bad US mortgage loans now big business on Wall Street
(DBN)

Cincinnati's Chiquita Center office tower in bankruptcy
(DBN)

CFPB Unveils Implementation Plan for New Mortgage Rules
(DBN)

San Diego: Mortgage defaults hit 7-year low
(DBN)

A new duty of care for holders of distressed commercial mortgage debt?
(DBN)

Judge: 2 giant diamond rings belong to creditors --- Linda Mastro loses appeal on diamond rings worth $1.4 million
(DBN)

A Troubling Divergence In The US Housing Market
(DBN)

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Mass Torts:

Transocean $1 Billion Gulf Oil-Spill Settlement Approved
(DBN)

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Health Care:

Rate shock: How ObamaCare is causing a surge in insurance premiums
(DBN)

Kids Are Smoking Because They Think They're Fat
(DBN)

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Aviation:

Beechcraft emerges from bankruptcy protection
(DBN)

Two former Alitalia bosses to stand trial for national carrier's bankruptcy
(DBN)

Boeing Has Found A Way To Fix The Dreamliner Battery
(DBN)

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Electricity:

Bankrupt electric co-op files reorganization plan
(DBN)

Energy Future Holdings Warns on Bankruptcy
(DBN)

Energy Future Holdings' fourth-quarter loss widens to $1.95 billion
(DBN)

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Banking:

Detroit credit union shut down due to insolvency concerns
(DBN)

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Fraud:

FBI joins Heinz share trades investigation
(DBN)

Levinson Jewelers agrees to $650,000 Rothstein settlement
(DBN)

Bonuses paid to Jack E. Brown prior to collapse
(DBN)

SAC’s Cohen May Face SEC Suit as Deposition Hurts Case
(DBN)

Stanford Victims Go After Entire Country
(DBN)

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Lehman:

Lehman Brothers Sets Third Creditor Payment for April 4
(DBN)

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Newspapers:

Bidder for Register Citizen parent will decide which employees to retain, letter says
(DBN)

Mailed notices to JRC employees another step in the sale process
(DBN)

Journal Register seeking judicial approval of sale
(DBN)

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Corporate Reform:

Some Lessons Congress Should Take
(DBN)

Will Actions of the CFPB Be Deemed Invalid?
(DBN)

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Gambling:

Revel casino files for Chapter 11 bankruptcy
(DBN)

NJ's bankrupt Revel suffers fate of other casinos
(DBN)

Stop playing the bad hand in A.C.
(DBN)

Revel Reaches Agreement With Lenders for Prepackaged Bankruptcy
(DBN)

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Paper:

NewPage to cut 300 jobs, $20M in expenses
(DBN)

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Corporate Governance:

World's Biggest Fund Blasts Corporate Governance Rules
(DBN)

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Bankruptcy Crimes:

Accountant Sentenced to Federal Prison for Bankruptcy, Tax Perjury Charges
(DBN)

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Brokers:

MF Parent, Creditor Disclosure Statement Approved by Judge
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (53 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Commission to Explore Overhauling Chapter 11 - View Minutes of Executory Contracts Advisory Committee
(DBN)

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Professional Employment:

GSC bankruptcy puts advisers in spotlight
(DBN)

Kaye Scholer to pay $1.5 million to settle GSC bankruptcy case
(DBN)

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Venue:

Bankruptcy Appellate Panel Says Out-Of-State Member's Interest in Nevada LLC Is Located in Nevada for Venue Purposes
(DBN)

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Bankruptcy Bonuses:

Court Focuses on Policy Rather Than Formality in Approving Key Employee Plans
(DBN)

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Personal Bankruptcy:

Consumer Bankruptcy Around the World (Bank)
(DBN)

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Litigation:

Please Don’t Bates Stamp eDiscovery
(DBN)

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Student Debt:

Stoffa: Student loans need to be eligible for bankruptcy
(DBN)

New Legislation Introduced to Allow Discharge of Private Student Debt | New Legislation Introduced to Allow Discharge of Private Student Debt
(DBN)

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Magazines:

Fitch: recovery for secured lenders after Readers Digest filing
(DBN)

Reader’s Digest Publisher Gets Bankruptcy-Loan Approval
(DBN)

Time to separate
(DBN)

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Celebs:

Pamela Anderson Facing Financial Trouble? Selling Her Malibu Home For $7.75 Million
(DBN)

Elvis Presley's vacation getaway mired in lawsuit
(DBN)

Mary J. Blige Owes Nearly $1 Million In Back Taxes To New Jersey [REPORT]
(DBN)

Michael Jackson's concert promoter: We weren't his 'sobriety coach'
(DBN)

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Coal:

Trinity Coal Creditors File Involuntary Bankruptcy
(DBN)

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Distressed Investing:

Opportunity Knocks
(DBN)

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Tax:

S Corporation May Not Pay Shareholders’ Post-Petition Tax Obligations
(DBN)

U.S. Supreme Court to hear case of PPL and Lady Thatcher's legacy
(DBN)

Bank Leumi, Mizrahi Clients Said to Aid U.S. Tax Probe
(DBN)

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Movie Theaters:

Regal buys Hollywood Theaters
(DBN)

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Sovereigns:

What Will 'Debt Jubilee' Look Like?
(DBN)

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EU:

EU committee passes 'rescue' reforms
(DBN)

EU banks face strict transparency rules
(DBN)

Bulgarian government brought down by austerity protests
(DBN)

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PIIGS:

Ireland to issue state apology to women who worked without pay in defunct Catholic laundries
(DBN)

Italy's dismal economic situation in 2 huge slides
(DBN)

Anti-austerity strike brings Greece to a standstill
(DBN)

Spain and Italy: The Euro Crisis Gnaws at Europe's Underbelly
(DBN)

UniCredit sees up to 200-mln-euro hit in German tax probe-source
(DBN)

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Canada:

Nanaimo Shipyard battles to stay out of bankruptcy
(DBN)

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Germany:

German Investor Confidence Rose More Than Forecast in February
(DBN)

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Belize:

Belize bondholders group agrees to superbond exchange
(DBN)

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Mexico:

'Acapulco is bankrupt '
(DBN)

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